All right, so let's get into this. Al Lima, these tensions with Venezuela between the US, we've actually seen oil prices decline since then. That seems very counterintuitive, which to what you would expect.The idea that there's tensions between the US and Venezuela that could potentially knock some of that capacity online. Why are oil prices going down with that. >> Well, I don't think they're moving on the Venezuelan story.I think market participants are not especially focused on the significant US naval p ...

Without Beijing’s buying the world's surplus oil, prices would be even lower today, writes @JavierBlas (via @opinion) https://t.co/7uvWR7nTMv ...

heady goals 750 billion in energy. You guys want to sell it. You want to triple energy sales to Europe in the next three years.We talked a little bit with your colleague and friend Secretary Bergam about it yesterday. But realistically, how do we do that in the United States. How do the Cheners, the Venture Globals, the Exxons, the Shells, the Seas, how do they accomplish those goals.So, number one, there's still a lot of gas from Russia going into Europe. 15% of Europe's gas supply still comes from Russia. ...

Market Trends - UK stocks are expected to extend gains [1] - Oil prices are climbing [1]

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Market Analysis - Goldman Sachs suggests that an OPEC+ decision to raise production would not necessarily crash oil prices [1]

Strategy & Outlook - Petrobras aims to balance oil production with energy transition, viewing oil as Brazil's primary export while exploring renewable energy opportunities [6] - The company is adjusting its strategic planning to account for lower oil prices, currently working with a price of $65 per barrel compared to $83 per barrel in the previous strategic plan [17] - Petrobras anticipates that molecules (ethanol, co-processed diesel, biogas, biodiesel) will be a priority until 2035, with wind, photovoltaic, and solar becoming more important thereafter [25][26] Market Dynamics & Trade - Petrobras exports very little to the United States, so a 50% tariff would be manageable by redirecting exports to India, China, and Asia [7] - The company sees India and Asia as potential buyers for increased oil and derivative production [9][10] - Global economic deceleration in countries like China and India could dampen global growth and impact oil demand, potentially leading to lower prices [16] Renewable Energy & Sustainability - Petrobras plans to invest 165 billion (165 * 10^9) USD, which is 165% billion dollars in renewable energy projects, including ethanol, biogas, and co-processed diesel [26][27] - The company is developing a co-processed diesel with 5-10% vegetable oil content, potentially increasing to 20% depending on grain availability [20][21] - Petrobras is implementing a refinery in southern Brazil to produce 15 barrels per day (unit unclear, likely thousand barrels per day) of 100% renewable fuels [28] - Brazil's energy matrix is already 52% clean, and Petrobras aims to support the country in achieving at least 64% renewables [29][30] - Petrobras has reduced CO2 emissions by more than 40% and methane emissions by more than 60% [39] Supply Chain & Project Management - Supply chain issues have caused delays, with delivery times for some goods increasing from two years to three years [12]

Financial Performance - Alberta is projecting a wider deficit for the current fiscal year [1] Industry Trends - Falling oil prices are denting a key source of revenue for Canada's top energy-producing province [1]

Geopolitical & Economic Context - The meeting between President Trump and Vladimir Putin is critical due to its potential impact on global energy prices [1] - Sanctions relief for Russia is being considered, potentially allowing Russian oil and gas to flow back into Europe [2] - The US has not imposed significant sanctions on Russian energy entities like Rosneft and Gazprom [3] - Russian energy is flowing into Asia, providing Russia with financial resources to continue its military efforts [4] - Russia's economy has not suffered as much as expected due to continued energy sales [5] - Russia is using its financial resources to pay soldiers, potentially recruiting 1,000 people a day, which is double the recruitment rate of Ukraine [5][9][11] - Russia's ability to fund the war, coupled with Ukraine receiving weapons, suggests a prolonged conflict [6] - Both Trump and Biden administrations want to avoid high oil prices, which could result from stricter sanctions on Russia [7] Energy Market Impact - Stricter sanctions on Russia could lead to oil prices rising to $100-120 per barrel [8] - The current approach avoids secondary sanctions on Russian energy companies to prevent higher energy prices for the sanctioning countries [9] - Russia's "ghost fleet" of uninsured or underinsured ships facilitates continued oil sales despite sanctions [8] Socioeconomic Factors - Russia is described as a poor nation, where the opportunity to earn a few thousand dollars motivates men to become mercenaries [10] - Desperate men are being recruited to fight for money, even at the risk of death [5][11]

Geopolitical Implications - Current oil prices present an opportunity for the US to pressure Moscow to end the war [1]